Sugar River Machine, Incorporated

$223,000 PPP Loan in South Beloit, Illinois

Loan Details

Loan Number
6188217105
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$223,000
Current Approval
$223,000
Forgiveness Amount
$224,437
Forgiveness Date
Dec 10, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Sugar River Machine, Incorporated
Address
667 Progressive Lane
ZIP Code
61080-2615
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423810)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$7.7M
Rural/Urban
Urban
Congressional District
IL-16

Loan Use Breakdown

Payroll
$215,178
Rent
$5,000
Utilities
$2,822

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank and Trust National Association

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